House Panel Plans February Markup of Financial Regulatory Bill

Republicans on the House Financial Services Committee are aiming for a mid-February markup of a revised version of financial regulation overhaul legislation passed by the panel last year, Rep. Blaine Luetkemeyer (R-Mo.) said.

Luetkemeyer told Bloomberg BNA in an interview that committee Republicans will hold a legislative retreat Jan. 22-23 to work out changes to the Financial Choice Act and other legislative priorities.

The meeting is scheduled to take place a few days before the full Republican caucus holds its own retreat.

The legislative effort is being led by House Financial Services Committee Chairman Jeb Hensarling (R-Texas), who expressed confidence earlier in January that changes could be made to the Dodd-Frank Act in 2017. He has also said a revised version of the Choice Act is in the works. The measure was approved by the committee in September, during the previous Congress, but never reached the House floor.

Luetkemeyer was recently named chairman of the panel’s Financial Institutions Subcommittee, but subcommittee rosters haven’t yet been announced.